Sentences with phrase «in immediate taxation»

Generally speaking, loans and partial surrenders from MECs result in immediate taxation to the extent that the cash value of the contract exceeds the premiums paid.

Not exact matches

While no immediate measures were represented, it seems the governing body will introduce taxation guidelines in July.

However, there are exceptions, including: the taxation of perquisites; where the employer uses the money to give a benefit in kind which is not earnings or emoluments; and an arrangement by which the employer's payment does not give the intended recipient an immediate vested beneficial interest but only a contingent interest.